MakeMyTrip to list on Nasdaq with $100 million IPO
27 Jul 2010
MakeMyTrip Limited, the parent company of MakeMyTrip (India) Private Limited and MakeMyTrip.com Inc, India's largest online travel company, has filed a registration statement with the US Securities and Exchange Commission for a $100 million public offer of shares.
The company is yet to decide on the offer price and the number of shares to be issued through the IPO. The shares once issued are expected to be traded on the Nasdaq ASDAQ Global Market under the symbol `MMYT'", a company press release stated.
Morgan Stanley is acting as the sole book running manager to the offer while Oppenheimer & Co Inc and Pacific Crest Securities LLC will act as co-managers.
The US SEC is yet to approve the registration statement relating to these securities.
MakeMyTrip Limited is the parent company of MakeMyTrip (India) Private Limited and MakeMyTrip.com Inc, India's largest online travel company. The company's services and products include air tickets, customised holiday packages, hotels, rail tickets, bus tickets, car hire and facilitating access to travel insurance.
Through its primary website, www.makemytrip.com, and other platforms, the company provides access to all major domestic full-service and low-cost airlines operating in India, all major airlines operating to and from India, over 4,000 hotels in India and a wide selection of hotels outside India, the Indian Railways and several major Indian bus operators.
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